Doing Business In Argentina

Travel and Tourism Services
Overview Return to top
3/4/2008
Year Total Passengers # Average expenditure
per passenger
2000 533,936 US$ 1,600
2001 443,134 US$ 1,600
2002 164,658 US$ 1000
2003 150,719 US$ 1000
2004 169,219 US$ 1000
2005 188,865 US$ 1000
2006 212,096 US$ 1000
Exchange Rate 1USD=3 Argentine Pesos.
Sources: The above statistics are unofficial estimates, based on industry sources.
The Argentine economy has recovered significantly in the past five years and with it the
demand for travel, which has grown on average 12% annually for the past three years.
The industry is expected to continue to grow at a similar rate in 2007.
Although tourism to the United States fell 60 percent in 2002, the market is growing
rapidly and Argentine travelers spend US $1,000 (excluding air tickets), which is twice
that of the average European tourist for an average ten-day visit. In addition, the
approval rate for visas for Argentines traveling to the United States is approximately
90%, one of the highest rates in the Western Hemisphere.
Historically, Argentines have traveled often to the United States. Argentine tourism in
the United States increased 124% from 1992-1999, placing Argentina within the top ten
travel markets for U.S. tourism. During their visits to the United States, Argentines spent
$1,600 per traveler, excluding air tickets. Traveling is part of the Argentine lifestyle, and
Argentines look for value “high-end” vacations, regardless of destination.
The total amount of passengers to the United States grew immensely in 2007. The US
Department of Commerce’s statistics are very promising:
Year 2007 Count Change 2006
First Quarter 64,983 25.8 %
Second Quarter 63,683 21.7 %
Third Quarter 77,246 35.9 %
Year-to- date 205,912 27.0 %
Sources: U.S. Travel Industry Association and U.S. Department of Commerce